"Good evening ladies and gentlemen. My name is Ploy Srisuro. Tonight I'd like to present a project that I hope would make my mother proud...."
I just finished presenting my thesis last Tuesday. After had been in hell for couple weeks, now I am back and can feel life again. I am not sure what I’ve learned from writing my paper. However it might be a good idea if I listed some of my questions asked by panel. For example, how big is the market that I wanted to share, how does my organizational structure work, how did I come up with $1M, how’d I know if the users submit a ‘fake’ recipe, importantly, how’d I advertise my site and get traffic. They were all practical questions. I don’t know what the right answers are; however, I did answer them all.
Surely, writing a business plan is more like a pain. You have to think of everything associated with your idea; your staff, your office, rent, equipment, depreciation expenses, revenues, expenses, oh not to mention calculating the financial statements. No wonder why I felt like I was in hell. As your business grows (supposedly), you still have to think of what need to be added, deducted and maintain. I don’t think that I’ll be an entrepreneur in this life. However, Linda, one of my classmates, came to me and said 'Ploy, your mom'd be proud of you!'